NO, LOWER TAXES ON THE RICH IS NOT THE BEST MEDICINE FOR A STRONG ECONOMY, OR MORE JOBS.

We've been told for well over 30 years now that if we just lower the taxes on the richest people in America that jobs will appear, the national debt will be paid and angels will appear from heaven (or something like that). Here's a few things to consider for perspective ...

Now for the evidence over the years. First, the highest marginal income tax rates, since 1917.

Higher tax rates on the rich correlates with more jobs. Here's the job creation record when the tax rate on the richest Americans is 28-31%, 35%, 38.6%, 50%, 69-75%, 75-80%, and over 90% ...

Higher tax rates on the rich correlates with stronger economic growth. Here's a chart showing what happens to economic growth when the tax rate on the richest Americans is 28-31%, 35%, 38.6%, 50%, 69-75%, 75-80%, and over 90% ...

Want more?  If you want more supporting evidence on the relationship between higher taxes on the rich and greater economic performance and job growth the Congressional Research Services takes a look here.

- Mark